United States Steel Co. (NYSE:X) Declares Quarterly Dividend of $0.05

United States Steel Co. (NYSE:X) declared a quarterly dividend on Thursday, January 30th,RTT News reports. Stockholders of record on Monday, February 10th will be given a dividend of 0.05 per share by the basic materials company on Wednesday, March 12th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.55%.

United States Steel has increased its dividend payment by an average of 35.7% annually over the last three years. United States Steel has a dividend payout ratio of 5.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect United States Steel to earn $1.75 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 11.4%.

United States Steel Stock Down 0.2 %

Shares of United States Steel stock opened at $36.48 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.67 and a quick ratio of 1.08. The stock has a market cap of $8.21 billion, a price-to-earnings ratio of 24.00 and a beta of 1.88. The firm’s 50-day moving average is $35.37 and its two-hundred day moving average is $37.05. United States Steel has a 1 year low of $26.92 and a 1 year high of $48.40.

United States Steel (NYSE:X) last released its quarterly earnings data on Thursday, January 30th. The basic materials company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.38). United States Steel had a net margin of 2.41% and a return on equity of 6.01%. As a group, research analysts expect that United States Steel will post 1.84 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on X shares. Jefferies Financial Group cut their price target on United States Steel from $45.00 to $40.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Bank of America began coverage on United States Steel in a research note on Monday, January 6th. They issued a “neutral” rating and a $35.00 target price on the stock. JPMorgan Chase & Co. decreased their price target on shares of United States Steel from $44.00 to $40.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Finally, BMO Capital Markets cut their price objective on shares of United States Steel from $43.00 to $40.00 and set an “outperform” rating on the stock in a research report on Friday, December 20th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, United States Steel currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.07.

About United States Steel

United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. The company operates through North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE), and Tubular Products (Tubular) segments. The Flat-Rolled segment offers slabs, strip mill plates, sheets, and tin mill products, as well as iron ore and coke.